Alessio Rastani Makes Prime Time TV Circuit

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Wed, 09/28/2011 - 17:37 | 1719874 Ecoman11
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CNN desperately needs viewers.

Wed, 09/28/2011 - 17:51 | 1719924 Silver Bug
Silver Bug's picture

CNN is pathetic now they attempt to discredit his view point. They say he only made those statements to sell his book?! What about the thousands of other people that agree with this guy and have nothing to gain. Complete utter nonsense.

Wed, 09/28/2011 - 18:00 | 1719958 Alea Iactaest
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Kind of tough to discredit his view point when he was followed up by Attila Szalay-Berzeviczy of Unicredit. I haven't noticed anyone trying to discredit his comments. Or Richard Fischer. Or... you get the idea.

Wed, 09/28/2011 - 18:09 | 1719991 spiral_eyes
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He's right about a lot, but I became a bit bemused when he claimed that the dollar and the UST are "safer assets".

Anyone who believes that is smoking some good hopium. 

Wed, 09/28/2011 - 18:17 | 1720017 Arius
Arius's picture

in other words, he is saying he NEVER lies .... well, i'll take everything he says w/ a bit of salt so to speak ...

Thu, 09/29/2011 - 02:27 | 1720995 chalcedonite
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That is not what he is saying.  He is saying that he fears God so he has a restraint on greedy intentions.

Wed, 09/28/2011 - 18:20 | 1720025 Exposer of Inte...
Exposer of Internet Shills's picture

If you listen carefully in the original clip he said THEY (meaning the main-stream traders) are the ones going to treasurys and dollars. As they are construed to be "safe"   According to his website he believes silver and gold are the TRUE safe assets

Wed, 09/28/2011 - 18:37 | 1720045 Pinto Currency
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If it is on CNN or BBC/GBC (Government Broadcast Corp) you can be pretty much assured that it is disinformation.


Remember the upshot of his original interview was that there is a crash coming and that people were getting into USD & BONDS!


We are going to have currency mayhem and people should be in BONDS!  You can never have too much paper.


The equity markets will take off when the currency crisis hits and gold and silver will shoot over the horizon.


Wed, 09/28/2011 - 18:37 | 1720083 chumbawamba
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We have a winner.


Wed, 09/28/2011 - 18:43 | 1720110 Pinto Currency
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"This is part of the trouble in our declining civilization: men and women in these times wish to live in illusions, and the politicians, the bankers and their economist lapdogs have been providing those illusions for many decades now. Those illusions were enabled by the “Welfare State”: Comfort and security from cradle to grave, with no requirement of hard work to merit them. On the other hand, it would also be reasonable to say that men and women today live in illusions, because they were forced to do so by the fiat money they had to use. Once fiat money is in place, all becomes illusion and gambling and people give up trying to make sense of life. Pretty soon they take illusions to be realities."


Hugo Salinas Price



Wed, 09/28/2011 - 21:16 | 1720518 Pinto Currency
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Image search for Andy Bichlbaum of the Yes Men.

Wed, 09/28/2011 - 22:05 | 1720586 ping
ping's picture

Not him. Not 1%. Jayzus.

Wed, 09/28/2011 - 23:06 | 1720701 Pinto Currency
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Whoever the pajama daytrader was on BBC yesterday, BBC placing him on a world forum suggesting investors get into USD and bonds during an impending currency crisis, when all these currencies will be in play, was not, shall we say, felicitous.  The royal we is for the BBC.


At least 1.5% :

Wed, 09/28/2011 - 22:38 | 1720648 Federal Reserf
Federal Reserf's picture

..until the illusion evaporates and reality bitch slaps them.

Thu, 09/29/2011 - 00:46 | 1720890 The Shootist
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@ PintoCurrency -Wow, that's one of the greatest quotes I've heard about fiat money, and it sums up why I hate it so much. It wreaks havoc upon the world.

Thu, 09/29/2011 - 02:03 | 1720979 GFKjunior
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He is right on. Mexico already has the largest silver mines in the world might as well put them to good use. Just imagine how a silver peso would destroy all the fiat currencies out there.

Wed, 09/28/2011 - 19:24 | 1720207 Libertarians fo...
Libertarians for Prosperity's picture



If it is on CNN or BBC/GBC (Government Broadcast Corp) you can be pretty much assured that it is disinformation.

Remember the upshot of his original interview was that there is a crash coming and that people were getting into USD & BONDS! 

You guys are paranoid freaks.  Just because some unknown guy who trades from home in his pajamas says the market is going to crash and investors will favor to the USD - as they always do in times of stress - doesn't mean it's some government-led conspiracy.  Nor is it newsworthy. 

Investors have been steadily piling into government bonds since the 1970's.  You think that's some sort of conspiracy, too? 

<napoleon dynamite voice>  Idiots! God!


Wed, 09/28/2011 - 20:05 | 1720309 Piranhanoia
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If you want to believe your tv, that is okay. But don't expect anyone else does.

Wed, 09/28/2011 - 20:37 | 1720401 Pinto Currency
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Why is Gubmint Broadcasting promoting the economic views of some guy who trades in his pajamas?  And don't say for the same reason some guy who belongs at home in his pajamas is President of the US.

Wed, 09/28/2011 - 20:52 | 1720436 UGrev
Wed, 09/28/2011 - 21:02 | 1720471 Pinto Currency
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Attila the Hun did not suggest that everyone pile into cash and bonds with an impending currency crisis. 

In fact if you look at the Merval Index in Argentina in 2001 - 2002, it did not increase by enough to fully protect against the currency devaluation however it gave some protection - a heck of a lot more than currency or bonds.

Gold, silver, oil, food, farmland, food production, rail, alternative energy - enjoy the ride.

Wed, 09/28/2011 - 21:10 | 1720500 UGrev
UGrev's picture

My post wasn't a reply to you.. ;)

+100 to your post.

Wed, 09/28/2011 - 22:22 | 1720603 James T. Kirk
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Troll, Troll, Troll the blog
Gently down the stream
Merrily, merrily telling great lies
Clothed in former dreams

Thu, 09/29/2011 - 01:52 | 1720967 Vlad Tepid
Vlad Tepid's picture

Jim, life is NOT a dream.

Thu, 09/29/2011 - 06:55 | 1721265 James T. Kirk
James T. Kirk's picture

Read it again. It reads "telling great lies clothed in past dreams. " Damn it, Vlad, I'm a Star Ship Captain, not a poet.

Thu, 09/29/2011 - 07:06 | 1721266 James T. Kirk
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I was addressing the yellow Nazi smiley face troll, and his foolish Troll 101statements above.

Wed, 09/28/2011 - 19:58 | 1720279 NaN
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Summary:  Stock markets usually fall in a financial crisis, but in 2001-2002 the Argentine stock market went up.  Examining the details showed that stocks of U.S. companies that traded on the Argentine exchange went up because it was a route around capital controls that blocked flight to safety.  

What companies trading on US exchanges have the most isolation away from US$?  If the Euro beats the US$ in the race to the bottom, Swiss Francs would surely detach from the sinking stone and Swiss companies might preserve value better than the money market. 


Wed, 09/28/2011 - 21:04 | 1720448 Pinto Currency
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During a currency crisis it is better to hold the stock of a company than the stock of a central bank (currency).


Scroll down to see Ben.


Wed, 09/28/2011 - 19:30 | 1720217 Enkidu78
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+1 The exact point I wanted to make

Thu, 09/29/2011 - 02:21 | 1720991 combatsnoopy
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He's of Italian/Persian origin.  

Maybe he was the target of Russian assasins and he's afraid of being Vince Fostered out.  Maybe he took a hit of really bunk lsd that morning. 

Who knows anymore?  

I just want Goldman Sachs and the rest of Wall Street's banks to get off the taxpayers' tits.  

Wed, 09/28/2011 - 20:27 | 1720374 Winston Smith 2009
Winston Smith 2009's picture

"He's right about a lot, but I became a bit bemused when he claimed that the dollar and the UST are 'safer assets'"

He was referring in that case to what people who don't want to buy or hedge risk assets could do to preserve their assets.  The dollar, at least for now, is the least worse of the fiat currencies.  As Denninger says, the rest of the fiat currencies have AIDS, but the dollar only has the clap.

Wed, 09/28/2011 - 23:38 | 1720489 Pinto Currency
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The problem is that the USD will go a few weeks after the Euro goes.

I am not brave enough to dance from one failing currency to the next as each one caves.

Buckle up time.

Thu, 09/29/2011 - 02:14 | 1720985 combatsnoopy
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He's onto something... I think the news might have censored anything he said out.

"#18 Israel has dumped 46 percent of its U.S. Treasuries and Russia has dumped 95 percent of its U.S. Treasuries.  Do they know something that we don't?"

Turkey bought drones from the U.S.  They're upset about Israeli floatillas.  The Turks, Israel and Russia seem to be in competition for Cyprus oil.  Iran and Germany are just backdrops at this point.

Has anyone noticed that the Greenback went up as a result of no action from the Federal Reserve?  


Sooo, what else is new?  

"What You Need To Know About Russia's "Berlin Group" And Their Global Assassination Hit List

The victims were all members of Istanbul's Chechen community. One of the men killed was Berg-Haj Musayev, and the other men were believed to be his bodyguards, reports The Telegraph. Musayev was allegedly close to Russia's most wanted man Doku Umarov, thought to be responsible for a suicide bomb attack at a Moscow airport in January.

Turkish secret forces later raided the hotel room of the man they suspected of being involved, acting on a tip. The assassin was thought to be Alexander Zharkov, a 55-year-old Russian national traveling on a diplomatic passport" 

Istanbul is in Turkey.  Why are Russians after the Turks? 

And here's a short recap on French pulling Americans with puppet strings on the Palistine issue, featuring Morgan Stanley...

‎"Morgan Stanley had $39 billion in total exposure against French banks at the end of 2010, up $30 billion from the year prior, and enough to wipe out its entire market cap and then some should French banks be pulled under."


"Morgan Stanley's Exposure To French Banks Is 60% Greater Than Its Market Cap... And More Than Half Its Book Value"


US, France and Palestine...

"President Obama poured a bucket of ice water on the Palestinian bid to have the Security Council recognize Palestine as a state. "Peace will not come through statements and resolutions at the U.N.," he told the General Assembly, as Palestinian leader Mahmoud Abbas held his head in his hands.

Speaking an hour later, French President Nicolas Sarkozy respectfully, and pointedly disagreed. He called for the Palestinians to become "an observer state," similar to the status the Vatican holds at the U.N. Sarkozy also called for a fixed timetable of negotiations to reach a final peace agreement with Israel in one year."


Would France's influence have ANYTHING to do with Morgan Stanley's exposure to French Banks?  

*Hey ISRAEL! Wanna keep Palestine from being a state?

Since Israel is doing so well, this is EXACTLY where you want to intervene.* (this is why I call Israel's political state of affairs in the Middle East a "false dichotomy"- you want friends, be a friend and help?    


Israel has money.  Their economy is doing just dandy.  They couldn't do anything to help Morgan Stanley out with those strings?  Especially since the US is in a wicked recession and we've been giving them $2.5 billion a year in aid?  


It seems like Israel doesn't even want to help themselves out of the Palestine issue.   I've often wondered why Israel never helped Americans lobby for domestic drilling, since it's known that Saudis fund Al Qaeda.  I also wondered why Jewish Americans don't sign up for the military and get advanced degrees when our neocons are blaming student loans for the subprime scandal.  


It also helps to know that when Greece defaults, Cyprus will be cheep cheep cheep!


I'm intrigued by Alessio Rastani's comments on BBC.  I wish I could read the man's mind.     


Thu, 09/29/2011 - 02:31 | 1720999 combatsnoopy
combatsnoopy's picture

okay. PAY CLOSE ATTENTION.  (Candlestick charts are not going to predict this for you.)  

Turkey bought drones from the US.  I think that ticked off both Israel and Russia.  Israel and Russia dumped U.S. Treasuries.  

That's a very feasable reason why the value of the USD went up. 

In order for the dollar to go down again, the Federal Reserve would have to buy up these Treasuries which means Quantitative Easing the trilogy. 

That's all.  Now you can go back to your crystal ball and palm reader for better tips.  

Wed, 09/28/2011 - 20:50 | 1720431 Gully Foyle
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That is one of the points that Automatic Earth makes, the dollar is safer because as the EU collapses the flight will be away from the Euro to the dollar.

Wed, 09/28/2011 - 21:14 | 1720512 spiral_eyes
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the final flight in this game of globalisation and competitive currency debasement will be the flight out of fiat into hard assets. everything else is a prelude.

Wed, 09/28/2011 - 21:40 | 1720557 brew
brew's picture

here he is back on 9/16/11 apparently...

Wed, 09/28/2011 - 20:39 | 1720373 Au_Ag_CuPbCu
Au_Ag_CuPbCu's picture

In an attempt to avoid distracting or overwhelming the Attackwatch team (which is no doubt a tall order)  I would like to present the prevailing sentiment...FUCK THE FED, FUCK THE BANKS, FUCK THE ECB and please...pretty please...Greece, call it a day and just fold.  The game is over.

I almost forgot, FUCK YOU BERNANKE!

Wed, 09/28/2011 - 18:15 | 1720010 ZeroPower
ZeroPower's picture

lol @ your silver

Wed, 09/28/2011 - 18:31 | 1720061 DaveyJones
DaveyJones's picture

notice they don't "discredit" it with any facts

Wed, 09/28/2011 - 18:39 | 1720080 TruthInSunshine
TruthInSunshine's picture

Major Head & Shoulder pattern (bend your knees and grab your toes, longs - then again, The Bernank is comin' to the rescue! - like in 2007, right?):


Then again, I'm not a technicals sort of person, preferring to look at the rapidly deteriorating fundamentals within the global economy, knowing full well that reality always catches up with and beats down Hopium Addicts, no matter how much kick the can the charlatans at the Central Banks play.

Wed, 09/28/2011 - 18:42 | 1720102 New_Meat
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Davey: " The Ministry of Truthiness is working on your concept of "discredit" and will be back to you shortly.  Thank you for contacting us and have a great day!"

Wed, 09/28/2011 - 18:19 | 1720003 kengland
kengland's picture

Love this guy. If a smoker tells you that cigarette smoking pollutes your lungs does it make it any less true?

Wed, 09/28/2011 - 20:29 | 1720370 Catch-22
Catch-22's picture


"CNN desperately needs viewers"

 So does ZH!

Hey Tyler.... Slow news night... looking to get a rise out of some... post some CNN vomit... 

Now infuriated, we're going to fill in your blog... for entertainment purposes... for the masses. 

What ever his motivation, he spewed the truth... don't deny us a little oxygen and give them the last word.



Wed, 09/28/2011 - 23:14 | 1720726 Money Squid
Money Squid's picture

are you an air force or fed reserve sock puppet?

Thu, 09/29/2011 - 07:06 | 1721288 Catch-22
Catch-22's picture

I don't like being tricked into watching CNN... I don't watch CNBS either...

To much aggravation !!!


Thu, 09/29/2011 - 08:09 | 1721419 covert
covert's picture

cnn has no competative edge


Wed, 09/28/2011 - 17:39 | 1719877 Ned Zeppelin
Ned Zeppelin's picture

So, he's just "some guy" who happens to be telling the truth?

Wed, 09/28/2011 - 17:42 | 1719890 Perpetual Burn
Perpetual Burn's picture

Yes and people are freaking out over it for some reason.

Wed, 09/28/2011 - 17:57 | 1719941 tekhneek
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Because you have people like Bridgett who say things like "Gold isn't backed by anything" and say investors prefer the US dollar because it's backed by the US government.

I couldn't believe this and laughed my ass off til I was red in the face:

Just goes to show you why talking to the average person on the street about gold, silver, the economy and other issues is like nailing Jell-o to a wall. It is unbearably frustrating and after enough attempts you just give up.

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